Rubber market analysis in Poland
Our analysis of the rubber market shows that the industry is growing steadily. The market covers the production of natural gums, natural and synthetic rubber, factice, resins, gum resins and oleoresins, among other things. It also covers rubber waste, parings and scrap, powders and granules made from them, various forms of unvulcanised rubber, clothing and clothing accessories, and much more.
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How big is the rubber market in Poland?
In 2019, sales of rubber products in Poland exceeded PLN 85 bn. That year Poland ranked 10th among the world's largest exporters, with a share of 2.8%. In 2020, Poland exported more than a million tonnes of rubber articles. In addition, in 2021 the industry's exports accounted for 1.1% of all goods exported from Poland. Data from Statistics Poland (GUS) confirm this picture. In Q1 2022, sold production in the plastics and rubber sector in Poland grew by an average of almost 28%, slightly below the average for manufacturing as a whole. GUS data on employment in the industry also point to steady growth.
Show chart data as a table
| Year | Export value (EUR m) |
|---|---|
| 2018 | 2,846.52 |
| 2019 | 2,804.66 |
| 2020 | 2,664.60 |
| 2021 | 3,161.89 |
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How is the global rubber market developing?
Global demand for rubber goods is rising and is forecast to grow by almost a further 30% over the next ten years.
Our analysis shows that global demand for rubber goods is rising. It is forecast to grow by almost a further 30% over the next ten years. Production of these goods is based mainly in South-East Asia. The value of global production of plastics and rubber machinery was EUR 38.6 bn in 2021. China had the largest share of production value (35%), followed by Germany (19.6%) and Italy (7.1%).
| Country | Share of production value (%) |
|---|---|
| China | 35 |
| Germany | 19.6 |
| Italy | 7.1 |
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What problems does the rubber market face?
The sector faces supply chain disruptions, rising prices of gas and other raw materials, economic uncertainty and reduced investment spending.
Like industry as a whole, this sector faces several problems: supply chain disruptions, rising prices of gas and other necessary raw materials, economic uncertainty and reduced investment spending. These difficulties stem from the Covid-19 pandemic, Russia's attack on Ukraine and rising inflation.
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What are the trends in the rubber market?
One of the most noticeable trends in the rubber market is the green trend. It shows in the need for working closed loops across the entire materials chain. The aim is to make products more environmentally friendly, protect resources and reduce waste.
One example of this approach is the Synthos Group, the second largest producer in the global synthetic rubber market. The group has adopted a sustainability strategy which includes, among other things, cutting greenhouse gas emissions by 28% by 2030 and phasing out coal completely by 2028. In addition, over the last decade the company has spent 7 m a year on research and development in rubber. This work has produced styrene-butadiene rubber used to make technologically advanced tyres with low rolling resistance, which reduce fuel consumption and exhaust emissions.
A further sign of the green trend in the rubber market is the work of Goodyear Tire & Rubber Company and Farmed Materials from Ohio. The two companies will work together to create a source of natural rubber from a particular species of dandelion (the kok-saghyz dandelion). This plant is an excellent alternative to the rubber tree, which needs seven years to produce latex, whereas the dandelion can be harvested as often as every six months. It is also more resilient than the rubber tree and can grow in a more temperate climate. For now, this production is at the testing stage, but specialists see potential for using it in all types of tyres.
Author: Agata Lemberska
Sources:
Rubber market in Poland
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Source: MarketHub, "Rubber market analysis in Poland", markethub.pl, 12.2022